Rules laid out for taxation of short-term property lets

The Greek state appears to be moving closer to making some money out of the short-term apartment and room rental sector, which has managed to remain under the taxman's radar since it first started to take off in Greece thanks to international online platforms such as Airbnb, Homestay and others.

The Independent Authority for Public Revenue on Friday announced the signing of a decision determining the process to declare income from short-term leasing, which is taxed at rates ranging from 15 to 45 percent. The exact rate depends on the total amount of revenues each owner makes, with the same brackets as for conventional rentals.

The decision rules that, for 2017, income from short-term rentals will be declared as a sum in a separate section of the tax declaration. However, as of early 2018, property owners will need to enter the Short-Term Residence Property Register ...